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Inflation rose 2.9% on an annual basis in December, with the latest Consumer Price Index illustrating the Federal Reserve's challenge in battling stickier-than-expected price increases.

U.S. inflation showed signs of picking up in December, driven by the higher cost of gas, eggs and used cars, but underlying price pressures appeared to ease slightly, offering some relief for ...

December US CPI rose 0.4% MoM and 2.9% YoY, with core CPI showing a cooler 0.2% MoM and 3.2% YoY, signaling easing price pressures. Energy prices surged, driving the fastest monthly CPI increase ...

The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December. That's up from 2.7% in November. Energy, food, new and used vehicles, car insurance and airline fares were ...

Matt Stone / MediaNews Group / Boston Herald via Getty Images The Consumer Price Index rose 2.9% in December, accelerating from a 2.7% annual increase in November. Core inflation rose 3.2% over ...

Inflation accelerated for a third straight month in December on rising food and energy costs, reaching a five-month high and underscoring that an encouraging slowdown in price increases last ...

Inflation rose again in December as stubbornly high prices continued to strain consumers' finances ahead of the Federal Reserve's next decision on interest rates. The Labor Department on Wednesday ...

Inflation sped up in December as expected, marking the third consecutive month of acceleration. The consumer price index, an inflation measure, increased by 2.9% over the year that ended in December.

Inflation in December was its highest since the summer, according to data released Wednesday morning, a sign of the lingering presence of higher prices for consumers, though economists did predict ...